• Business - Market Data
  • Updated: November 13, 2020

NSE Index: MTN Nigeria Among Losers List, As Airtel Top Gainers

NSE Index: MTN Nigeria Among Losers List, As Airtel Top Gain

The Nigerian Stock Exchange (NSE) market closed with 13,433 deals on Friday, November 13, 2020, higher than the 10,704 deals it closed with on Wednesday, November 12, 2020. The volume reached 1,243 billion units at the close of the market on Friday, higher than the 1,192 million units it closed with on Thursday.

The value of trades recorded on Friday was NGN16,286 billion, lower than the NGN17,395 billion of Thursday. Meanwhile, on Friday, the All-Share Index reached 35,037.46 index points, lower than the 35,342.46 All-Share Index of Thursday.

The stock market also ended with a NGN18,308 trillion equity capitalisation on Friday, lower than the NGN18,467 trillion recorded on Thursday.

Top Five Gainers

Airtel Africa led the top gainers' chart after its stock price gained NGN44.5 kobo to close trading at NGN489.9 kobo per share after opening today's trading with NGN445.4 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

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Dangote Sugar was second on the table, as its stock price gained NGN0.85 kobo to close the market with NGN22.2 kobo per share, having started trading today with NGN21.35 kobo per share.

BUA Cement was the third top gainer as its stock price closed the market with a NGN0.85 kobo gain to move from the opening price of NGN51.15 kobo per share to NGN52 per share.

Fidson follows, closing the market with a gain of NGN0.54 kobo to end trading with NGN5.98 kobo per share from the opening share price of NGN5.44 kobo per share.

PZ was last on the top five gainers' table after its share price gained NGN0.5 kobo to close trading at NGN5.75 kobo per share, having opened trading at NGN5.25 kobo per share.

Top Five Losers

On the top of the losers' list is MTN Nigeria, which had begun trading earlier today at NGN162 per share, only to drop in price by NGN-7 kobo to close at NGN155 per share at the end of trading today.

Guinness was second on the chart after closing at NGN20.1 kobo per share from its opening trade price of NGN22 per share; this represents a drop of NGN-1.9 kobo.

GTBank share price fell by NGN-1.8 kobo as its share price closed trading at NGN36.4 kobo per share, lower than the NGN38.2 kobo per share it opened with.

READ ALSO: Palmcredit, Sokoloan, Loan Apps Create New Method Of Defrauding Loan Seekers

Ardova also recorded a drop in its share price as it declined by NGN-1.6 kobo to close trading at NGN14.8 kobo per share, below the NGN16.4 kobo per share it opened with.

Zenith Bank completed the top five losers chart after it closed trading with NGN27.15 kobo per share, declining by NGN-1 from the NGN28.15 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Transcorp, which traded a volume of over 191.73 million units worth NGN239.61 million. Zenith Bank was the second most traded stock today with over 163.51 million units worth over NGN4.48 billion. Access Bank was next on the list, trading 104.15 million units worth NGN975.81 million.

First Bank was the fourth on the most traded stock list, closing the market with over 100.89 million units traded at a cost of over NGN826.83 million, while UBA completed the top five list with over 78.46 million units traded today, worth NGN718.44 million.

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